Single-Tenant Net-Lease
1350 E Deer Flat Rd Kuna, ID 83634
For Sale
Contact for pricing
Newly constructed single-tenant retail building leased to Grocery Outlet, providing long-term net-lease investment income.
Property Size16,000 SF
Price / SF$407.61
Days on Market194
Property Features for 1350 E Deer Flat Rd
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- RETAIL
Listing Agency:
Summit Commercial Real Estate
(208) 890-4028
Listed By:
Andrea Nilson · License #SP39275
(208) 890-4028
Source:
Moodyscre
Added: Jan 14
Changed: Jul 26
Last Checked: Jul 26 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial Real Estate
Investment Insights
Based on property information with market context.
A newly constructed, single-tenant net-lease retail property leased to Grocery Outlet. The building’s construction is complete, and the tenant has been open and operating as of May 21, 2026. The lease features a 15-year primary term with four (4) five-year renewal options, and it allocates limited landlord responsibilities to roof, structure, foundation, and utility lines outside the premises.
The site is positioned for strong visibility and access at a signalized intersection along Meridian Road / Highway 69, with direct access to Interstate 84. Traffic counts exceed 22,943 vehicles per day on Meridian Road and 15,183 vehicles per day on Deer Flat Road.
This offering is structured as a corporate-guaranteed, single-tenant retail investment designed for long-term passive income with an inflation-hedged cash flow profile.
The site is positioned for strong visibility and access at a signalized intersection along Meridian Road / Highway 69, with direct access to Interstate 84. Traffic counts exceed 22,943 vehicles per day on Meridian Road and 15,183 vehicles per day on Deer Flat Road.
This offering is structured as a corporate-guaranteed, single-tenant retail investment designed for long-term passive income with an inflation-hedged cash flow profile.
Key Highlights
- New 16,000 SF single‑tenant retail net‑lease building in Kuna, Idaho, leased to Grocery Outlet.
- Tenant opened and operating as of May 21, 2026; construction of the building is complete.
- 15‑year primary term with four (4) five‑year renewal options.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.2k | $19.20 |
| − Vacancy | −$13.8k | −$0.86 |
| EGI | $293.4k | $18.34 |
| − OpEx | −$73.3k | −$4.58 |
| NOI | $220.0k | $13.75 |
16,000 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.14M
$2.75M – $3.67M
NOI $220,032 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$2.90M
$2.53M – $3.38M
NOI $202,796 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,312 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - Newly constructed single-tenant retail building leased to Grocery Outlet, providing long-term net-lease investment income.
Where is this grocery and convenience store located?
The property is located at 1350 E Deer Flat Rd Kuna, ID.
What is the asking price?
The asking price for this property is $6,521,739.
What are key features of this property?
This property features: New 16,000 SF single‑tenant retail net‑lease building in Kuna, Idaho, leased to Grocery Outlet.; Tenant opened and operating as of May 21, 2026; construction of the building is complete.; 15‑year primary term with four (4) five‑year renewal options.
